New Zealand: Plastic Supports Market 2024

Plastic Supports Market Size in New Zealand

In 2022, the New Zealand plastic supports market increased by 20% to $X, rising for the second year in a row after three years of decline. Overall, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +118.9% against 2020 indices. Plastic supports consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Plastic Supports Exports

Exports from New Zealand

In 2022, overseas shipments of spools, cops, bobbins and similar supports of plastics increased by 15% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, faced a abrupt downturn. The pace of growth was the most pronounced in 2017 when exports increased by 694%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic supports exports shrank notably to $X in 2022. Over the period under review, exports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 122% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons), China (X tons) and French Polynesia (X tons) were the main destinations of plastic supports exports from New Zealand, with a combined 88% share of total exports.

From 2012 to 2022, the biggest increases were recorded for French Polynesia (with a CAGR of +64.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Australia ($X), China ($X) and the United States ($X) appeared to be the largest markets for plastic supports exported from New Zealand worldwide, with a combined 93% share of total exports. French Polynesia lagged somewhat behind, comprising a further 6.5%.

French Polynesia, with a CAGR of +45.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average plastic supports export price amounted to $X per ton, declining by -30.1% against the previous year. In general, the export price continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2015 when the average export price increased by 203% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to French Polynesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+5,582.6%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Supports Imports

Imports into New Zealand

In 2022, overseas purchases of spools, cops, bobbins and similar supports of plastics increased by 28% to X tons, rising for the second year in a row after three years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 100% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, plastic supports imports amounted to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 70% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of plastic supports to New Zealand, accounting for a 73% share of total imports. Moreover, plastic supports imports from Australia exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. The third position in this ranking was held by Japan (X tons), with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia amounted to +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.9% per year) and Japan (+16.8% per year).

In value terms, Australia ($X) constituted the largest supplier of spools, cops, bobbins and similar supports of plastics to New Zealand, comprising 48% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by the UK, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.5% per year) and the UK (+42.9% per year).

Import Prices by Country

In 2022, the average plastic supports import price amounted to $X per ton, declining by -10.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 35% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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